US Treasury Secretary Denies Report on Tighter Oversight of Fed

US Treasury Secretary Scott Bessent has refuted a Financial Times report suggesting increased Treasury oversight of the Federal Reserve. According to NS3.AI, Bessent dismissed the claims, referencing his extensive published commentary on Fed reform, which exceeds 20,000 words. The disputed report alleged that Bessent had considered elements of a Bank of England-style framework for the relationship between the Treasury and the Federal Reserve.